Divided Federal Reserve keeps interest rates unchanged

Monetary Policy - The Federal Reserve maintained its key interest rate [1] - Two Fed governors dissented, advocating for a 0.25 percentage point rate decrease [1] - The President argued against predictions of tariff-induced price increases [1] - The President highlighted a 3% US economic growth last quarter, exceeding expectations [2] - The Fed chair stated the economy is solid despite the trade war, with low unemployment and a strong labor market [3][4] Economic Outlook - Increased imports by some companies ahead of tariffs contributed to economic growth [2] - Higher tariffs are starting to impact the prices of some goods [4] - The overall effects of tariffs on economic activity and inflation are still uncertain [4]